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160419 GOLD

by | Apr 16, 2019 | GOLD | 0 comments

GCMAsia - GOLD
GOLD
GOLD
2019-04-16

GOLD_, H4: Gold price remain traded in a sideway channel while currently testing near the support level 1287.00. However, MACD which illustrate diminishing bearish momentum suggest the commodity to be traded higher as a short term technical correction towards the resistance level 1296.40.

 

Resistance level: 1296.40, 1310.70

Support level: 1287.00, 1280.85